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Just gloss right over the fact that corporations are buying homes at scale for various reasons for the first time in history. This is why people in economics s
by zelon88 5y ago
Just gloss right over the fact that corporations are buying homes at scale for various reasons for the first time in history.
This is why people in economics shouldn't have anything to do with the housing market.
Human beings need to live in houses. The price is so high because demand coming from corporations is off the charts.
How is any individual or family supposed to compete with corporations and economists racing to the top of the real estate market?
That's the REAL problem. Real estate people profiteering the shit out of a market that regular people used to buy houses on to live in.
- digisign 5y agoAnd some (see Zillow) have lost a lot of money. You are describing a secondary effect that most likely wouldn't have happened without the factors discussed in the article. When a run starts on a scarce commodity it only reinforces itself. See the Covid-T.P. chapter. I don't fault the article for staying focused.